Debenture bond: An unsecured bond whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated Debenture bond, and collateral trust bonds.

Security: Any claim that trades in the marketplace. Stocks, bonds, negotiable CDs, bankers acceptances are examples of securities. A bank loan is a private contract and it can not be bought or sold. Hence, it is not a security.According to the Securities Exchange Act of 1934, a security is any note, stock, treasury stock, bond, Debenture, certificate of interest or participation in any profit-sharing agreement or in any oil, gas, or other mineral royalty or lease, any collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit, for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or in general, any instrument commonly known as a security'; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase, any of the foregoing; but shall not include currency or any note, draft, bill of exchange, or banker's acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited. A simpler definition is that a security is a piece of paper that can be assigned a value and sold, or any investment made with the expectation of a profit.Piece of paper that proves ownership of stocks, bonds and other investments.

Subordinated debenture bond: An unsecured bond issued only by creditworthy firms. The lenders' claims are the same as those of any general creditor, hence are subordinated to other Debenture holders and any bond issues that may be outstanding.An unsecured bond that ranks after secured debt, after Debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.

Subordinated debenture bond: An unsecured bond issued only by creditworthy firms. The lenders' claims are the same as those of any general creditor, hence are subordinated to other Debenture holders and any bond issues that may be outstanding.An unsecured bond that ranks after secured debt, after Debenture bonds, and often after some general creditors in its claim on assets and earnings. Related: Debenture bond, mortgage bond, collateral trust bonds.